Billionaires Selling Cheap Stuff Get Richer From Inflation Pain
- India’s Damani has become one of the industry’s wealthiest
- Little-known Korean family is now worth more than $700 million
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Not everyone is a loser when it comes to inflation.
Owners of budget stores in Asia have amassed billions of dollars in wealth as customers looking for bargains have flocked to their stores. Sales are rising and their businesses are expanding to meet growing demand from consumers, unlike in places like the US.